Google Invests $450 Million In ADT\, Forms Nest Partnership

Google Invests $450 Million In ADT, Forms Nest Partnership

WebProNews Tuesday, 4 August 2020 ()
WebProNews
Google Invests $450 Million In ADT, Forms Nest Partnership

Google has announced it is investing $450 million in security company ADT, in a multi-year partnership that will give Google a 6.6% stake.

Google Invests $450 Million In ADT, Forms Nest Partnership
Matt Milano
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News video: ADT Stock Goes Up 97%

ADT Stock Goes Up 97% 00:36

 On Monday, ADT announced that it will be partnering with Google on a new line of smart home security products. Business Insider reports shares of ADT surged as much as 100% Monday to an all-time high of $17.21. Google will invest $450 million for a 6.6% ownership stake in ADT. The partnership will...